In November, GE Aviation (GE) acquired a 9.9% equity stake in Taikoo Engine Services (Xiamen) Co. Ltd. (TEXL). The transaction marks a milestone in the HAECO Group / GE Aviation partnership.

Established in 2008, TEXL and GE Aviation entered into a long-term GE90 Branded Service Agreement (GBSA), which licenses TEXL as an authorised GE90^TM Service Provider and GE90 Centre of Excellence; the company is the sole holder of a GE90 GBSA in Asia. TEXL has performed engine repair and overhaul work on more than 150 GE90 engines to date, from an extensive list of GE90 operators, including Cathay Pacific, EVA AIR, Air India, GE Capital Aviation Services, China Cargo Airlines, China Southern Airlines, Emirates Airlines, Etihad Airways, Turkish Airlines, Jet Airways and Thai Airways.